Cash Advance Alaska


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Cash advace and payday loans in Alaska

While it’s undoubtedly the biggest state in the U.S., Alaska has some pretty low fees for cash advances. There are other states with lower fees, but those rates were primarily enforced to shutter the industry in those states. As far as states with a thriving cash advance market go, Alaska is one of the more regulated. That’s good for the borrower. If you wanted to start on a loan application today, check out our secure loan request form. But first, we recommend reading Alaska’s cash advance regulation information below.

Current State Cash Advance Laws for Alaska

Alaska’s maximum loan amount is $500. Before you borrow that much, though, you should try to figure out the least amount of money you need for your loan. Remember, the less money you borrow, the less money you’ll have to pay back. The loan term in Alaska maxes out at 14 days, but you can extend your loan up to two times. That means you get two rollovers. The maximum finance rate and fees are $5 plus either $15 per $100 borrowed or 15%, whichever is lower.

In Alaska, you can apply for multiple cash advances. We suggest you only get one at a time, though. If you default on your loan, your lender is allowed to charge you a $30 NSF fee and up to $700 in court costs (on top of the amount of the payment). Remember, though, these are the maximum collection fees the lender can charge you. You will want to read through your specific agreement to see the charges associated with your specific lender and your specific loan.

Lenders in Alaska are not allowed to pursue criminal action against you unless you close the account associated with your check .

Alaska Payday Loan Regulations

If you are confused about the difference between payday loans and cash advance funding, let us clear it up for you – these two products are one in the same. That means that the regulations that apply to one will also apply to the other.

  • How Payday Loans Work – Short-term loan lenders offer fast cash when you need it, and then take the money back on an agreed-upon date (usually when you expect to be paid).
  • Maximum Amount – Borrowers can ask for up to $500.
  • Repayment Extensions – You can renew your loan up to two times at the lender’s discretion.

Alaska State Economy

Don’t be caught off guard by changes in Alaska’s state economy. You don’t want to take out a loan today and find out the job market is in trouble tomorrow. The unemployment rate in Alaska is at 6.8-percent. While that’s a bit higher than nearby states, like Washington (5.4-percent) and Oregon (5.3-percent), it’s not that much higher than the state’s all-time low, which was 6.3-percent in February of 2015. The state high was 11.2-percent back in August of 1986.

Before you dive into a cash advance, make sure you know about the current state regulations. If you have any other questions about cash advances in your Alaska, feel free to email us.


* strives to present accurate information on each state’s regulations; however, we do not guarantee accuracy of data as presented. Please contact your state’s department of finance or visit your state’s official website for the most accurate information and inquiries. You can find your state’s site here:

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